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Initial Knowledge Check Questic Given the following transaction: Corporation paid dividends to stockholders. Required: For the transaction above, complete the following: (a) Select the accounts that are affected (there will be at least two). (b) Are the selected accounts increased or decreased? (c) If Retained Earnings is selected, choose the reason that it has changed. Is the account Account Which account is affected? increased or Why has Retained decreased? Earnings changed? Cash Increased 0 Decreased Increased Accounts Receivable 0 O Decreased Supplies Increased 0 Decreased Prepaid Insurance 0 Increased Decreased Equipment Increased Decreased O Increased Accounts Payable 0 Decreased Capital Stock O Increased Decreased Increased Retained Earnings O Choose One O Decreased Revenue Expense I Don't Know Submit Dividends